Best Income Stocks to Buy for August 22nd

SHG MBWM GSBD

Here are three stocks with buy rank and strong income characteristics for investors to consider today, August 22:

Shinhan Financial Group Co., Ltd. (SHG - Free Report) : This financial services company from Korea’s has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.2% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 4.8%, compared with the industry average of 4.7%.

Mercantile Bank Corporation (MBWM - Free Report) : This company whichserves businesses and consumers across Grand Rapids and Kent County with a full range of mortgage, lending, deposit and checking products and services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.4% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 4%, compared with the industry average of 3.6%.

Goldman Sachs BDC, Inc. (GSBD - Free Report) : This business development company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 12.6%, compared with the industry average of 10.0%.

 

See the full list of top ranked stocks here.

 

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Zacks Names #1 Semiconductor Stock

It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.

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